Acknowledgments

A textbook about regulatory technology draws on more domains than any single author can claim mastery over. This book is the product of a field built by thousands of practitioners, regulators, researchers, and technologists whose work it attempts to synthesize.

The author is grateful to the compliance officers who speak honestly at conferences about what is actually working and what is not — a rarer form of intellectual courage than it might appear. The vendors who publish detailed technical documentation rather than marketing materials. The regulators who write consultation papers that genuinely engage with the complexity of implementation. The academics who study financial crime and market structure with the rigor those subjects deserve.

Special acknowledgment is due to the regulatory bodies whose published guidance, supervisory statements, enforcement notices, and consultation papers provide the primary source material for much of this book: the Financial Conduct Authority, the European Banking Authority, the Financial Industry Regulatory Authority, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Financial Crimes Enforcement Network, the Bank of England Prudential Regulation Authority, the Monetary Authority of Singapore, the Hong Kong Monetary Authority, and the Australian Securities and Investments Commission. Their public documents are cited throughout and serve as the authoritative ground truth where this book describes regulatory requirements.

The Financial Action Task Force's typologies reports, guidance papers, and Recommendations form the backbone of Part 2. The Basel Committee on Banking Supervision's frameworks underpin Part 3. The work of the joint BIS Innovation Hub, particularly on SupTech and machine-readable regulation, informs Chapter 39.

For errors of fact or interpretation, the responsibility rests entirely with this text.

To the Reader

If you find errors, gaps, or arguments that deserve challenge, the tradition of this field is to say so clearly. RegTech practitioners improve each other's work through honest engagement. This book aspires to that same standard.

The characters of Maya Osei, Rafael Torres, Priya Nair, and Cornerstone Financial Group are fictional. Any resemblance to real persons or institutions is coincidental.